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Cherries: The debt laid bare


CHAIRMAN Eddie Mitchell today throws open the club’s books to lay bare Cherries’ current financial position.

Mitchell has taken the unprecedented step in an attempt to give supporters a thorough insight into the parlous state of affairs at Dean Court.

The move comes just a week after Mitchell revealed the club had been served with another winding-up petition by HM Revenue & Customs.

And Mitchell’s decision to outline the finances in detail follows on from the club raising almost £300,000 from the sale of advanced season tickets.

In his ‘Halfway There’ statement, Mitchell writes: “The figures published today are true and accurate and will be updated periodically as the debt diminishes. We all know the task ahead so please join in.

“In the coming days, the board will announce various initiatives whereby you, the supporters, can help us finally rid ourselves of the club’s legacy debt, try to lift the embargo and give Eddie Howe and the lads every chance of achieving the success this club so deserves.”

The financial overview reveals that more than a third of Cherries’ total debt is to the taxman, with HMRC pursuing the club for £314,000.

Cherries’ current debt is just over £846,000 with commitments to landlord Structadene and creditors of the old company accounting for around 60 per cent.

Although the figures may seem alarming, they are a drop in the ocean compared with the club’s plight when the Murry Group took control in June.

According to Mitchell’s statement, Cherries were more than £1.78m in debt – haemorr-|haging money on a daily basis and seemingly heading into oblivion.

The inherited debt included a bill of £16,800 to the Royal Bath Hotel, a figure which has now been reduced to just £3,100. It is understood DeVere Hotels had issued a county court judgement on the club before an agreed payment plan was struck up, which included costs.

Cherries also owed almost £20,000 to Seward for the lease of cars, with one club insider claiming “under the previous regime, anybody who had a drivers’ licence, had a company car”.

The current liability to HMRC, listed in the statement at £286,000, will reduce to £214,000 with £100,000 set aside for the taxman but has increased due to this month’s PAYE contributions.

None of the £40,850 owed to football creditors is believed to be pressing, while the club is up to date with payment of wages and salaries to players and staff.

The debt to landlord Structadene has increased by £63,205 as the club only paid half rent on the stadium for the first five months of the Murry Group’s tenure. The club’s previous owners had made this arrangement, although full rent, believed to be around £33,000 per month, was paid in December, January and February.

A deferred liquidation payment – often mistaken as a CVA payment – of £146,666 is due to be paid on April 1 when the club will receive a basic award payment from the Football League.

Under Mitchell’s stewardship, Cherries have brought in £862,624 and paid out £755,886.

The difference has gone on the day-to-day running costs of the club.

A full list of Cherries' liabilities, investment and fundraising is in today's Daily Echo.

Comments(69)

fartycat says...
7:36am Fri 5 Mar 10

Mitchell. Do what you promised. Meet with the Supporters' Trust.
.
I understand that you didn't show up to a planned meeting with them yesterday.
.
Disgraceful.

nonnogeppetto says...
7:44am Fri 5 Mar 10

I know I am going to stick my neck out on this one but here it is anyway. Before we clamour to accuse EM of lying and or accuse him for not coming out with the exact figures etc. CAN WE PLEASE use this site to put forward ONE or more positive ideas for raising much needed funds and not get into the tit-for-tat posting and counter posting nit-picking what we say or don't say etc. My suggestion remains that the club either offer a heavily discounted six match ticket to encourage more to come and watch for the rest of the season. Or even for all season ticket holders to throw in £10 each and the money to be used to buy tickets which could be offered for free to pupils from our local schools. Come on together we can move mountains

nonnogeppetto says...
7:47am Fri 5 Mar 10

I was rather hoping I was the first to post alas is wasn't to be. Oh well!!

northstandregular says...
8:00am Fri 5 Mar 10

Firstly, well done to EM for taking this step. I hope this shuts up the people that come on here and call people like me pathetic for questioning the board because without the pressure we have contributed to we wouldn't be in a position where the chairman feels it's prudent to show the books, but again, well done EM. One thing that stands out for me is 60% of the 846K is owed to creditors of the old company....three guesses anyone?

elvispresleysking says...
8:04am Fri 5 Mar 10

nonnogeppetto,

whilst your plea is commendable I fear it will fall our deaf ears. Certain people on here will only be looking at the figures and commenting on them. I think part of the problem is that EM has lost the TRUST of a section of fans through his ever changing story. I hold myself in that category and just looking at thos figures quoted above there are discrepencies! If the Structradene rent has increased by £62k due to half rent and that rent is £33k per month, then for the 5 month period in EM reign, that is a shortfall of £82k!

I would like to know why, if it is true, EM didn't meet with the supporters Trust yesterday, especially as he instigated the meeting!

Incidentally, the FL have been baulking on the Stockport County takeove because they didn't believe the club could sustain itself paying rent on Edgley Park to Brian Kennedy, Sale Sharks owner and landlord of the ground. The figure quoted was £12-15,000 per month rent! no wonder AFCB are struggling if they pay triple that to Structadene!

Bournemouth person says...
8:04am Fri 5 Mar 10

nonnogeppetto wrote:
I know I am going to stick my neck out on this one but here it is anyway. Before we clamour to accuse EM of lying and or accuse him for not coming out with the exact figures etc. CAN WE PLEASE use this site to put forward ONE or more positive ideas for raising much needed funds and not get into the tit-for-tat posting and counter posting nit-picking what we say or don't say etc. My suggestion remains that the club either offer a heavily discounted six match ticket to encourage more to come and watch for the rest of the season. Or even for all season ticket holders to throw in £10 each and the money to be used to buy tickets which could be offered for free to pupils from our local schools. Come on together we can move mountains
Yes we should move those mountains. The figures are very welcome and support public statements, much progress has been made. My idea for fund raising supports one in place - please pass the word round about the raffle for the car - tickets only £1 buy some for yourself and family and tell your friends - and good luck! Lets pack Dean Court tomorrow on a nice sunny day - Up The Cherries!

Frank2010 says...
8:18am Fri 5 Mar 10

Glad to see a full exposure of the 'facts' will be shown today.
Mr Mitchell still claims to have made a profit in the last 6 months. He has now stated that he has only been paying half rent for the first 5 months and it is obvious that he has only been servicing old debts with the revenue and not paying current liabilities.
This to me is not a true profit!!!

cherrychris75 says...
8:19am Fri 5 Mar 10

Big game tomorrow, no slagging the board off. It's not perfect but we're going in the right direction finally.
Good luck to the lads tomorrow, hopefully a couple of returning faces maybe?? But hopefully not before they are fit enough.

Square Old Codger says...
9:03am Fri 5 Mar 10

It is such a pty that it has taken so long for the true facts re the Club's fnances have taken so long to emerge, it would have been far better t0 "lance the boil" before distrust of the Board gained a head of steam. Now we know just how much Savi wasted and how proliferate he was with the Club's money. We also know the scale of the problem that faces us, yesterday on Solent Mr Mitchell said that a scheme to fund raise would be announced this week, one that involved supporters, I hope that it is a good one, with the Tax Man waiting in the wings and time running out. In the meantime I hope that we will have a good gate tomorrow and for the rest of the Season.

tricky1007 says...
9:04am Fri 5 Mar 10

Frank2010 wrote:
Glad to see a full exposure of the 'facts' will be shown today. Mr Mitchell still claims to have made a profit in the last 6 months. He has now stated that he has only been paying half rent for the first 5 months and it is obvious that he has only been servicing old debts with the revenue and not paying current liabilities. This to me is not a true profit!!!
now maybe i am too optomistic but i read it that we had reduced the debt by 1 million, he had brought in 100,00 more than went out, so something is going in the right direction? yes we still have alot of debt but 800,000 is possible to get out of. 1.7 million and getting bigger was not!!!
like i always say. get behind the team and the board, with a little bit of luck the current squad could get us up this season, and we could be out of all debt by this time next season!!! UP THE CHERRIES

cherries59 says...
9:08am Fri 5 Mar 10

**** i was also hoping to get on here
before the moaners and groaners !!!
six big home games, support our club,
support our boys.
positive
positive
positive

KENETHOMEROD says...
9:29am Fri 5 Mar 10

No moans no groans just a big laugh reading the statement lol. LAID BARE ? More like more dressing up . The figures on show just do not ADD up lol
Replacing one debt with another is not progress , is it ? Any advance sales is a debt ?

Question : Does the share acquisition of £185k by Mitchell mean that Murry has been paid off ? ( figures on club website ) Echo for some unknown reason will not put them on this site ?
Savi certainly had a good time as warned by many on here . What happend to the open meeting with the Trust ? did Mitchell bottle it so that he could spin the echo ? Good luck tomorrow lads 3-0 stuffing .

onionbag says...
9:30am Fri 5 Mar 10

AS other posters have commented it is a shame that these figures were not published earlier. EM would probably say that he has continually stated that the debt is being eroded, but due to conflicting reports, confidence in his stewardship has been severely questioned - especially by certain posters. Whilst it is healthy that people express their thoughts, however extreme, surely this new transparency is welcome? It's the first time, to my knowledge, that the finances of AFCB have been in the public domain in such a stark manner and the pity is that Sport-6 weren't forced to do likewise when they controlled the finances of the club. The Royal Bath fiasco was there for all to see ! Why don't we all now just concentrate on EH and the team for the next few weeks........if there is any justice in the world of football we may all have something to cheer come (what) May !

Blue Rinse says...
9:31am Fri 5 Mar 10

I for one would like to sponsor 500 kids for a Quid

Bournemouth person says...
9:45am Fri 5 Mar 10

Blue Rinse wrote:
I for one would like to sponsor 500 kids for a Quid
Thank you, fantastic!

nsrowq says...
9:47am Fri 5 Mar 10

KENETHOMEROD wrote:
No moans no groans just a big laugh reading the statement lol. LAID BARE ? More like more dressing up . The figures on show just do not ADD up lol Replacing one debt with another is not progress , is it ? Any advance sales is a debt ? Question : Does the share acquisition of £185k by Mitchell mean that Murry has been paid off ? ( figures on club website ) Echo for some unknown reason will not put them on this site ? Savi certainly had a good time as warned by many on here . What happend to the open meeting with the Trust ? did Mitchell bottle it so that he could spin the echo ? Good luck tomorrow lads 3-0 stuffing .
if you buy an echo there is a list of who owes what to who in the article. may not make good reading it but it is much clearer than the article on the website

nonnogeppetto says...
9:55am Fri 5 Mar 10

Blue Rinse wrote:
I for one would like to sponsor 500 kids for a Quid
Thank you Blue Rinse I was hoping that others might focus on the way ahead instead at looking back all the time. It is encouraging that there are still people like you around that are willing to focus on the issue rather than blame EM. OK now we know the figures (though some still question the accuracy) what are we going to do about it. I will buy ten draw tickets (as suggested by Bournemouth Person) for the car and do more if I can.

terry1965 says...
10:17am Fri 5 Mar 10

This forum, Wednesday, March 3rd, 2010:-

"Mr. Mitchell, with all due respect, forget talking to the Supporters Trust. Get on the phone to Neil Meldrum and give him the facts about how much the club owe and to who. Provide him with detailed plans of how the debt will be repaid and by when and give him permission to publish the figures in the Echo for all to see. No more obfuscation please. Give the fans the REAL truth! Now.".........

Terry1965

Thankyou Mr. Mitchell for listening to my suggestion! This is surely the best way to keep the fans informed and I look forward to the promised regular updates.

Nick68 says...
10:26am Fri 5 Mar 10

nsrowq wrote:
KENETHOMEROD wrote:
No moans no groans just a big laugh reading the statement lol. LAID BARE ? More like more dressing up . The figures on show just do not ADD up lol Replacing one debt with another is not progress , is it ? Any advance sales is a debt ? Question : Does the share acquisition of £185k by Mitchell mean that Murry has been paid off ? ( figures on club website ) Echo for some unknown reason will not put them on this site ? Savi certainly had a good time as warned by many on here . What happend to the open meeting with the Trust ? did Mitchell bottle it so that he could spin the echo ? Good luck tomorrow lads 3-0 stuffing .
if you buy an echo there is a list of who owes what to who in the article. may not make good reading it but it is much clearer than the article on the website
Do they sell the Echo in Middlesborough?

Account Suspended says...
10:31am Fri 5 Mar 10

elvispresleysking wrote:
nonnogeppetto,

whilst your plea is commendable I fear it will fall our deaf ears. Certain people on here will only be looking at the figures and commenting on them. I think part of the problem is that EM has lost the TRUST of a section of fans through his ever changing story. I hold myself in that category and just looking at thos figures quoted above there are discrepencies! If the Structradene rent has increased by £62k due to half rent and that rent is £33k per month, then for the 5 month period in EM reign, that is a shortfall of £82k!

I would like to know why, if it is true, EM didn't meet with the supporters Trust yesterday, especially as he instigated the meeting!

Incidentally, the FL have been baulking on the Stockport County takeove because they didn't believe the club could sustain itself paying rent on Edgley Park to Brian Kennedy, Sale Sharks owner and landlord of the ground. The figure quoted was £12-15,000 per month rent! no wonder AFCB are struggling if they pay triple that to Structadene!
If they only paid half rent for five months, that would add up to £82k.

Well done on basic use of a calculator.

Now, if they had made an additional payment of £20k to the landlord to start to eat into the arrears, what would that leave the total outstanding liability as?

This is a summary of the position, not the audited accounts. Jesus, they can't do right for doing wrong with you lot can they?

KENETHOMEROD says...
10:38am Fri 5 Mar 10

You are so funny Nicholas lol

May i suggest that you come to my house for tea after a home game and bring your boxing gloves. Oh sorry you don`t use them when you hit young fans in the back and then run away.
My point was - why have the ohec not put a full transcript on the internet ?Maybe more people read the net than buy papers. Living in Sweden like you do means that unlike me you cannot buy one lol. Lets stick to the figures and stop trying to distract me . Can you tell me where the £51k that Mitchell said was owed to the Centre of Excellence scheme is ? I forgot Nicholas did you not fully support Savi and Baker ?

devon exile says...
10:59am Fri 5 Mar 10

this should get the Blue Peter award for best childrens fiction for March 2010, nothing seems to add up, how are we eating into the debt when we are not paying current tax, I cannot believe the 51k paid to our own community department was historic debt, and with 40k football debts still owed the embargo had no hope of being lifted, come on Echo put the full statement on the website this might help people to make their minds up, this debt cannot be cleared without some form of investment the supporters have been drained dry, no cutomer of any business should be expected to pay for services in advance to to keep the business running especially when the board cannot give any guarantee that the business will still be running next year

exiledcherry says...
11:02am Fri 5 Mar 10

I look forward to seeing the details of the projects for distant supporters to contribute to getting rid of the debt, since I don't believe that football clubs can go on expecting local millionaires to fund them. All clubs, including those in the Premier League, need to stop paying obscenely high wages to players and to start to get real about the state of the economy. Sensible budgetting is the right way forward and Eddie Mitchell seems to have grasped that very clearly. Let's find the wins needed to crown a remarkable performance by Eddie H and the team with automatic promotion! This would then rank as perhaps the finest achievement in the history of the Club.
P.S. The Echo isn't available in Solihull either, - can someone scan the details in and post them for all the exiles, please?

AFCB1970 says...
11:17am Fri 5 Mar 10

thank you e.m for showing us the figures.we as supporters are behind you and thank you for what you hae done so far....right everyone,more important tomorrow,bring your friends,bring your family.bring balloons,bring horns.lets get the place rocking before,during and after the game.the boys need our support for this final push.they have done us proud this season.

seuthsayer says...
11:20am Fri 5 Mar 10

...good to see all the usual 'sages' on here bangin' away and coming up with constructive critique!!!!....and I thouight Bournemouth had a Grammar School??

djd says...
11:27am Fri 5 Mar 10

Thanks to EM for giving us the figures. They are in the Echo and the Echo is remiss if they haven't printed them on line for ALL to read.
Lets get behind the team and cheer them on tomorrow. Only six home games to go !!!!
If EM cartries on eating into the debt and gives us regular updates, what can we moan about ???
Be there tomorrow, if not for the club then for the team. They have made a huge effort this season and deserve maximum support from the fans (and the moaners).

AFCB1970 says...
11:39am Fri 5 Mar 10

djd.......i totally agree with you.everyone tomorrow is our time to back the boys.even all the moaners that are on here.

Bournemouth person says...
11:53am Fri 5 Mar 10

Just received the latest AFC Bournemouth Newsletter and its well written. "We have six 'Cup Finals' left now at Dean Court and it needs a concerted push from everyone now as we look set of an exciting climax to what has been a brilliant season. So get your tickets, come and support the boys and let's roar the Cherries to success!"
Well done Eddie and the boys, and the board.
UP THE CHERRIES!

elvispresleysking says...
1:28pm Fri 5 Mar 10

Accountsuspended - feel better now you've had a pop!

You are missing my point completely. I was responding to nonnogepetto regarding his request and the fact that EM has lost the fans TRUST because he quotes different amounts each time. Yes it's a financial overview but I can only comment on what has been said and published. The figures I gave regarding the rent is based on what Neil Perret has written here and the FACT that EM stated at the fans forum that no inroads had been made on the rent owed to Structadene but they were now paying full rent.

The Echo, for whatever reason has decided not to publish the breakdown on the internet so, as I live in BRISTOL, I am unable to study the full picture. I have been on the clubs website and seen that EM's statement is there along with a breakdown of income recieved but I can't see and expenditure information (this may be down to my PC at work though).

Therefore I can only respond on what I know.

It's all about trust and EM has made a BIG error in the way he has dealt with this and his figures constantly changing. Yes, it's about perception but also spin and interpretation. Classic example for you:

EM - I will not invest any money into AFCB, they must be run self sufficently.

Fans Forum - EM has invested circa £500k into AFCB

Financial Overview today - Chairmans additional investment £200k, the other £300k? £185 for shares which isn't investment as this would have been paid directly to the previous share owners and £118k for advertising/sponsers
hip from suppliers to EM's Severn company.


Not quite the £500k investment by EM which is what he led the fans to believe. Yes, AFCB may well have benefitted from EM being chairman as they might not have got the £118k sponsorship/advertis
ing money but wouldn't it have been better for EM to have been honest in the first place and state " I've invested £200k myself, I've brought in a further £118k from suppliers to my other businesses"?


Message for Neil Perrett: Are their legal implications preventing you from listing the full financial overview on the Echo website? As several other people have stated, not everyone lives in the Daily Echo area and therefore cannot access the full report. If there are none, please can you list in it's entirity so all contributors to this website have full access to the current financial position of AFCB?

Julian1966 says...
1:30pm Fri 5 Mar 10

KENETHOMEROD wrote:
You are so funny Nicholas lol

May i suggest that you come to my house for tea after a home game and bring your boxing gloves. Oh sorry you don`t use them when you hit young fans in the back and then run away.
My point was - why have the ohec not put a full transcript on the internet ?Maybe more people read the net than buy papers. Living in Sweden like you do means that unlike me you cannot buy one lol. Lets stick to the figures and stop trying to distract me . Can you tell me where the £51k that Mitchell said was owed to the Centre of Excellence scheme is ? I forgot Nicholas did you not fully support Savi and Baker ?
Sadly Ken Nicholas might need a compress to find his way to your house lol.Eddie Mitchell was way under pressure to tell us what the real figures were concerning the state of the club debts and i am kind of glad he has come forward after we put piles of pressure on the echo & EM,but for me its to late,should have been more honest early on then we would not have moaned.

seniorman says...
1:41pm Fri 5 Mar 10

Support the boys!

They are doing us proud!

Account Suspended says...
1:51pm Fri 5 Mar 10

elvispresleysking wrote:
Accountsuspended - feel better now you've had a pop!

You are missing my point completely. I was responding to nonnogepetto regarding his request and the fact that EM has lost the fans TRUST because he quotes different amounts each time. Yes it's a financial overview but I can only comment on what has been said and published. The figures I gave regarding the rent is based on what Neil Perret has written here and the FACT that EM stated at the fans forum that no inroads had been made on the rent owed to Structadene but they were now paying full rent.

The Echo, for whatever reason has decided not to publish the breakdown on the internet so, as I live in BRISTOL, I am unable to study the full picture. I have been on the clubs website and seen that EM's statement is there along with a breakdown of income recieved but I can't see and expenditure information (this may be down to my PC at work though).

Therefore I can only respond on what I know.

It's all about trust and EM has made a BIG error in the way he has dealt with this and his figures constantly changing. Yes, it's about perception but also spin and interpretation. Classic example for you:

EM - I will not invest any money into AFCB, they must be run self sufficently.

Fans Forum - EM has invested circa £500k into AFCB

Financial Overview today - Chairmans additional investment £200k, the other £300k? £185 for shares which isn't investment as this would have been paid directly to the previous share owners and £118k for advertising/sponsers

hip from suppliers to EM's Severn company.


Not quite the £500k investment by EM which is what he led the fans to believe. Yes, AFCB may well have benefitted from EM being chairman as they might not have got the £118k sponsorship/advertis

ing money but wouldn't it have been better for EM to have been honest in the first place and state " I've invested £200k myself, I've brought in a further £118k from suppliers to my other businesses"?


Message for Neil Perrett: Are their legal implications preventing you from listing the full financial overview on the Echo website? As several other people have stated, not everyone lives in the Daily Echo area and therefore cannot access the full report. If there are none, please can you list in it's entirity so all contributors to this website have full access to the current financial position of AFCB?
The full breakdown is on the vital bournemouth site. Go look.

The best part of a million quid has been cleared off the debts..

I don't know about you but I am actually happy about that..

djd says...
1:51pm Fri 5 Mar 10

It is regrettable that so many people are unable to see the figures quoted in The Echo. Phone The Echo 01202.554601 and perhaps someone can enlighten you.
But don't foget tomorrow, it's for the team, support them and put all the financial wrangling aside for the day.
They deserve your support, make their day.

Julian1966 says...
2:47pm Fri 5 Mar 10

elvispresleysking wrote:
Accountsuspended - feel better now you've had a pop!

You are missing my point completely. I was responding to nonnogepetto regarding his request and the fact that EM has lost the fans TRUST because he quotes different amounts each time. Yes it's a financial overview but I can only comment on what has been said and published. The figures I gave regarding the rent is based on what Neil Perret has written here and the FACT that EM stated at the fans forum that no inroads had been made on the rent owed to Structadene but they were now paying full rent.

The Echo, for whatever reason has decided not to publish the breakdown on the internet so, as I live in BRISTOL, I am unable to study the full picture. I have been on the clubs website and seen that EM's statement is there along with a breakdown of income recieved but I can't see and expenditure information (this may be down to my PC at work though).

Therefore I can only respond on what I know.

It's all about trust and EM has made a BIG error in the way he has dealt with this and his figures constantly changing. Yes, it's about perception but also spin and interpretation. Classic example for you:

EM - I will not invest any money into AFCB, they must be run self sufficently.

Fans Forum - EM has invested circa £500k into AFCB

Financial Overview today - Chairmans additional investment £200k, the other £300k? £185 for shares which isn't investment as this would have been paid directly to the previous share owners and £118k for advertising/sponsers

hip from suppliers to EM's Severn company.


Not quite the £500k investment by EM which is what he led the fans to believe. Yes, AFCB may well have benefitted from EM being chairman as they might not have got the £118k sponsorship/advertis

ing money but wouldn't it have been better for EM to have been honest in the first place and state " I've invested £200k myself, I've brought in a further £118k from suppliers to my other businesses"?


Message for Neil Perrett: Are their legal implications preventing you from listing the full financial overview on the Echo website? As several other people have stated, not everyone lives in the Daily Echo area and therefore cannot access the full report. If there are none, please can you list in it's entirity so all contributors to this website have full access to the current financial position of AFCB?
Excellent well thought out post.elvispresleyski
ng if i was a chairman of a club and i had so much passion for it,i would take every opportunity to invest my own money into the club even if i had my own house i would remortgage it,and put the money back into the club so it would ease the pressure off the club.ok,so it is a debt taken on from the previous board!!!but so what,a good chairman would help out as much as possible with his own hard earn cash,not just presume that the supporters will just bail the club out.look at Delia Smith,she put her own money into Norwich which is why the club is doing so well.I personally still dont belive this is the full breakdown which the club owes even though i presume Jimmy Quinn has been paid after his contact was broken and that John piper has recived his money?

Chris fish says...
3:26pm Fri 5 Mar 10

Ummmmmmm WHAT CAR FOR A QUID COMPETITION????? If this is a genuine competition, why is the first I hear about it from a comment on a newspaper blog? For heavens sake, whoever is organising this get it out there!!! If people actually new about this - All of Bournemouth - not just football supporters, I would imagine ten's of thousands of tickets could be sold t a quid each.

molbol says...
3:29pm Fri 5 Mar 10

Chris fish wrote:
Ummmmmmm WHAT CAR FOR A QUID COMPETITION????? If this is a genuine competition, why is the first I hear about it from a comment on a newspaper blog? For heavens sake, whoever is organising this get it out there!!! If people actually new about this - All of Bournemouth - not just football supporters, I would imagine ten's of thousands of tickets could be sold t a quid each.
I take it you can't get to games then Chris as the car is outside the ground every matchday with big signwriting all over it stating - Win this car for £1 - I understand it has also been on display in Bournemoth square.

nonnogeppetto says...
4:08pm Fri 5 Mar 10

Chris Fish It is inconceivable that any AFCB supporter has not heard about the Car Competition £1 per ticket. I first got my tickets when I collected my season tickets last year before the season kicked off I do wonder sometimes what people expect. Maybe a phone call from EM to see if he can sell you some tickets!!! Come we have to do a lot better than this

flyingleaper says...
4:17pm Fri 5 Mar 10

Will be back for 2 home games,will muck in with what ever is going on,fill my case with stuff from the shop,will continue to have items on sale @ ebay.with proceeds going to BMTH.ECT COME ON U CHERRIES WIN SAT AAAAAAAAAHHHHHHHHHHH

Chris fish says...
4:48pm Fri 5 Mar 10

molbol wrote:
Chris fish wrote:
Ummmmmmm WHAT CAR FOR A QUID COMPETITION????? If this is a genuine competition, why is the first I hear about it from a comment on a newspaper blog? For heavens sake, whoever is organising this get it out there!!! If people actually new about this - All of Bournemouth - not just football supporters, I would imagine ten's of thousands of tickets could be sold t a quid each.
I take it you can't get to games then Chris as the car is outside the ground every matchday with big signwriting all over it stating - Win this car for £1 - I understand it has also been on display in Bournemoth square.
Exactly my point molbol. I don't attend Dean Court, and as a result have not heard about it. I'm guessing 5 - 6000 regulars in our town must be aware of this competition. How many readers does the Echo have? I'm sure it wouldn't hurt to spread word of this competition a little more. I will buy ten tickets now I know about it, let another 100,000 of Bournemouth's resident know about it. Local Radio??

Nonno - firstly thanks for the personal dig at me! - When did I say I was an AFCB supporter? or is this competition only open to AFCB supporters? I am in total agreement with your statement "we have to do a lot better than this" - Cant you see this proves my point? The club needs all the money it can get if I hadn't heard about it, yet I have been following the clubs plight for over a year now, how are other people meant to hear about it??

nonnogeppetto says...
4:59pm Fri 5 Mar 10

Chris Fish I used to teach my students never to assume because assume makes an as-u-me. It would have been better if I heeded my own advice. But yes you are right there is a lot of talking but very little doing here on this site and as far as the club is concerned. For whatever reason the ECHO does not seem to promote the club as much as it could but I guess that has a lot to do with the club's marketing department (!!). Thank you for putting us right and thank you for buying ten tickets.

Chris fish says...
5:18pm Fri 5 Mar 10

nonnogeppetto wrote:
Chris Fish I used to teach my students never to assume because assume makes an as-u-me. It would have been better if I heeded my own advice. But yes you are right there is a lot of talking but very little doing here on this site and as far as the club is concerned. For whatever reason the ECHO does not seem to promote the club as much as it could but I guess that has a lot to do with the club's marketing department (!!). Thank you for putting us right and thank you for buying ten tickets.
Fair play to you nonno for correcting yourself, not many would. Maybe someone could print off one or two hundred posters advertising this competition and put them in shop windows, around the local uni's? Sure everyone who attends dean court will know about it, but hey, this is just a competition, I cant help but think putting the word out could generate a huge income from something that could be otherwise missed by many. To be honest, its the likes of me, and others like me who need to be attracted to DC, I'm not a huge football fan but if I could take the missus and kids somewhere for a couple of hours for 20 quid then great.

molbol says...
5:23pm Fri 5 Mar 10

Be even better if he bought the last six tickets for the games we had left. LOL

molbol says...
5:26pm Fri 5 Mar 10

Chris fish wrote:
nonnogeppetto wrote: Chris Fish I used to teach my students never to assume because assume makes an as-u-me. It would have been better if I heeded my own advice. But yes you are right there is a lot of talking but very little doing here on this site and as far as the club is concerned. For whatever reason the ECHO does not seem to promote the club as much as it could but I guess that has a lot to do with the club's marketing department (!!). Thank you for putting us right and thank you for buying ten tickets.
Fair play to you nonno for correcting yourself, not many would. Maybe someone could print off one or two hundred posters advertising this competition and put them in shop windows, around the local uni's? Sure everyone who attends dean court will know about it, but hey, this is just a competition, I cant help but think putting the word out could generate a huge income from something that could be otherwise missed by many. To be honest, its the likes of me, and others like me who need to be attracted to DC, I'm not a huge football fan but if I could take the missus and kids somewhere for a couple of hours for 20 quid then great.
You have a great point though chris joking aside.

nonnogeppetto says...
5:51pm Fri 5 Mar 10

molbol wrote:
Be even better if he bought the last six tickets for the games we had left. LOL
I will go halves with you Mobol!!

dirty blonde says...
5:56pm Fri 5 Mar 10

To all AFCB supporters, I am new to this board, but read with great interest the comments that have been made. Do you want a club or not? If so why dont you stop moaning about Eddie Mitchell and start supporting the team on and off the pitch! By the way I have supported the team for 40 years and will continue to do so through the good and bad times. Rember 1997 do we want to go through all that again?

lionheart says...
5:59pm Fri 5 Mar 10

A correction Neil. Peter Phillips in his time at the club had slides and handouts of Management A/cs at various meetings and so did Swaisland.

As to why the full figures aren't on here-well they do want some papers purchased today!

This revelation today is still not good enough for me. The figures change like the tide on Bournemouth beach. If it's the fans club Mr Mitchell, what were the arrangements for you to buy into the club. Share capital or loan capital. Any debt in the cupboard to Mostyn or Murry we should know about? Next season's ticket sales is a creditor. We were told last season that the club's Academy was funded from central sources. Presumably these funds had been used.

I could go on.

Can somebody tell me why Savi is not being pursued for taking the club for a ride.

As to fund raising:- Start a 1000 club. Encourage 1000 fans to put £1000 in. Come up with some benefits, 10% off season tickets and purchases in the shop, meet the players dinner pre-season, other functions. It's not too difficult to come up with something attractive.

Save the Cherries red and white wristbands.

Functions with ex-players.

Explore whether the Cooper-Dean family trust would buy the ground back and lease it to the club on a lower annual rental than the current £360k pa. To the trust it would be an appreciating asset rather than cash sat in a bank a/c earning zilch at the moment. That's something the Echo could do

Chris fish says...
6:00pm Fri 5 Mar 10

Like I said, I'm not enough of a fan to want to spend all that money on something that I'm not too interested in. I am however willing to help something to do with my home town if I can, i.e. our football team.
Now I've mentioned this draw for you all on several other 'non football' related web sites - as I'm sure you all have too - now where shall I point the interested parties who cant get to DC to buy their tickets?

elvispresleysking says...
6:47pm Fri 5 Mar 10

nonnogeppetto wrote:
I know I am going to stick my neck out on this one but here it is anyway. Before we clamour to accuse EM of lying and or accuse him for not coming out with the exact figures etc. CAN WE PLEASE use this site to put forward ONE or more positive ideas for raising much needed funds and not get into the tit-for-tat posting and counter posting nit-picking what we say or don't say etc. My suggestion remains that the club either offer a heavily discounted six match ticket to encourage more to come and watch for the rest of the season. Or even for all season ticket holders to throw in £10 each and the money to be used to buy tickets which could be offered for free to pupils from our local schools. Come on together we can move mountains
nonno - a few suggestions following your orginal post;

1) At Rovers we have a 50/50 draw every home game with the winning ticket drawn at half time. as the name suggests the winner gets half of takings and the club gets the other half which we've used on ground developments. Nornally winner gets anything between £700 - £1000+ dependant on gate.
so raises about £20k over the season.

2) Given that you only have 6 games left why don't the club do a raffle/draw for the last game of the season as this invariably draws a large crowd. Shirt, football, photo taken with the team etc, all signed by your 'promotion' side if events work out well!

3) Start a tour round the ground/meet the players/watch them train? Sure this would be popular with the fans and a good way of introducing youngsters to the club.

4) Does the club have a fun day? Rovers have one during the summer which is very popular and gives fans the chance to meet the board and players.

Just a few suggestions, some which you may already do.....

Good luck tomorrow against Morecambe, revenge is sweet!

molbol says...
6:51pm Fri 5 Mar 10

Got mine mate- what about bringing along your long nosed wooden son?

wickerman says...
6:52pm Fri 5 Mar 10

julian 1966 you say you would re mortgage your house if you ran a club. i very much doubt this. would you really put your house up in the name of passion for your club.if you live in a decent size house why dont you re mortgage it and give money to the cherries as this is what you expect EM to do.

nonnogeppetto says...
7:39pm Fri 5 Mar 10

elvispresleysking wrote:
nonnogeppetto wrote:
I know I am going to stick my neck out on this one but here it is anyway. Before we clamour to accuse EM of lying and or accuse him for not coming out with the exact figures etc. CAN WE PLEASE use this site to put forward ONE or more positive ideas for raising much needed funds and not get into the tit-for-tat posting and counter posting nit-picking what we say or don't say etc. My suggestion remains that the club either offer a heavily discounted six match ticket to encourage more to come and watch for the rest of the season. Or even for all season ticket holders to throw in £10 each and the money to be used to buy tickets which could be offered for free to pupils from our local schools. Come on together we can move mountains
nonno - a few suggestions following your orginal post;

1) At Rovers we have a 50/50 draw every home game with the winning ticket drawn at half time. as the name suggests the winner gets half of takings and the club gets the other half which we've used on ground developments. Nornally winner gets anything between £700 - £1000+ dependant on gate.
so raises about £20k over the season.

2) Given that you only have 6 games left why don't the club do a raffle/draw for the last game of the season as this invariably draws a large crowd. Shirt, football, photo taken with the team etc, all signed by your 'promotion' side if events work out well!

3) Start a tour round the ground/meet the players/watch them train? Sure this would be popular with the fans and a good way of introducing youngsters to the club.

4) Does the club have a fun day? Rovers have one during the summer which is very popular and gives fans the chance to meet the board and players.

Just a few suggestions, some which you may already do.....

Good luck tomorrow against Morecambe, revenge is sweet!
You have some good ideas but we do some of them already like the match draw. The biggest problem is the lack of enthiusiam and 'push'. As for Molbol suggestion of taking my long nosed son with me I am afraid he is suffering from woodworm!! Joking aside I am encouraged by some of the suggestions like the 1000 club etc I hope EM and his team will read our posts and gee up whoever has the rospinsibility to promote the club we do our best as individuals but at the end of the day appropriate marketing is what is needed.

In Ed we trust says...
7:52pm Fri 5 Mar 10

nonnogeppetto wrote:
elvispresleysking wrote:
nonnogeppetto wrote: I know I am going to stick my neck out on this one but here it is anyway. Before we clamour to accuse EM of lying and or accuse him for not coming out with the exact figures etc. CAN WE PLEASE use this site to put forward ONE or more positive ideas for raising much needed funds and not get into the tit-for-tat posting and counter posting nit-picking what we say or don't say etc. My suggestion remains that the club either offer a heavily discounted six match ticket to encourage more to come and watch for the rest of the season. Or even for all season ticket holders to throw in £10 each and the money to be used to buy tickets which could be offered for free to pupils from our local schools. Come on together we can move mountains
nonno - a few suggestions following your orginal post; 1) At Rovers we have a 50/50 draw every home game with the winning ticket drawn at half time. as the name suggests the winner gets half of takings and the club gets the other half which we've used on ground developments. Nornally winner gets anything between £700 - £1000+ dependant on gate. so raises about £20k over the season. 2) Given that you only have 6 games left why don't the club do a raffle/draw for the last game of the season as this invariably draws a large crowd. Shirt, football, photo taken with the team etc, all signed by your 'promotion' side if events work out well! 3) Start a tour round the ground/meet the players/watch them train? Sure this would be popular with the fans and a good way of introducing youngsters to the club. 4) Does the club have a fun day? Rovers have one during the summer which is very popular and gives fans the chance to meet the board and players. Just a few suggestions, some which you may already do..... Good luck tomorrow against Morecambe, revenge is sweet!
You have some good ideas but we do some of them already like the match draw. The biggest problem is the lack of enthiusiam and 'push'. As for Molbol suggestion of taking my long nosed son with me I am afraid he is suffering from woodworm!! Joking aside I am encouraged by some of the suggestions like the 1000 club etc I hope EM and his team will read our posts and gee up whoever has the rospinsibility to promote the club we do our best as individuals but at the end of the day appropriate marketing is what is needed.
Lot's of people, have lots of good ideas, my first suggestion would be that the club set up a system or think tank to funnel all these ideas!The club's way to success now is to be the most innovative, forward thinking club in the country!!

afcblee says...
8:03pm Fri 5 Mar 10

Some of the comments on here are a joke. Why can't people be positive and stop this negative moaning. If you can do any better get your money and ideas out in the open. As for now support the club and get over yourselves! UTC

In Ed we trust says...
8:04pm Fri 5 Mar 10

E.g the matchday catering!Let's get a group of fans together and sit down with someone at the club and discuss it.It doesn't have to cost anything!But I really believe that the club misses out on thousands of pounds revenue in this one area alone because in this one area alone we are simply not good enough?

snake hips says...
8:23pm Fri 5 Mar 10

In Ed we trust wrote:
E.g the matchday catering!Let's get a group of fans together and sit down with someone at the club and discuss it.It doesn't have to cost anything!But I really believe that the club misses out on thousands of pounds revenue in this one area alone because in this one area alone we are simply not good enough?
totally agree spotty faced kids getting paid for crap service, messing about being unproductive.. I dont bother going down for a half time coffee etc as i hate q's and poor service.

why not get vending machines down there for tea/coffee etc..

Frank2010 says...
8:28pm Fri 5 Mar 10

wickerman wrote:
julian 1966 you say you would re mortgage your house if you ran a club. i very much doubt this. would you really put your house up in the name of passion for your club.if you live in a decent size house why dont you re mortgage it and give money to the cherries as this is what you expect EM to do.
The most pathetic comment I have seen in ages.
Of course we expect EM to. He owns the club!!!!!!!!!!!!!
If Julian owned it he would.
Get a grip

Luffbracherry says...
8:29pm Fri 5 Mar 10

EM is being as open as he can be. I think it is a real shame that so many on here are slagging the man off who is trying to impose a sense of housekeeping and budgeting

Previous 'benefators' were just taking the club for another ride

I Hope that all the people going on and on and on about finanancial matters they have no idea about about, make as much effort to get up off their backsides and make that short trip across town to support on Saturday. a short trip across town to get to Dean Court - but how many will bother or simply type another rant

My journey will be A6006, A6, M1, M69, M40, A34, M3, M27, A338 - arrive at Dean Court in just 4 hours and return home at approx10pm

My focus is cheering Eddie and his team on - and let others worry about matters out of my control

In Ed we trust says...
8:43pm Fri 5 Mar 10

snake hips wrote:
In Ed we trust wrote: E.g the matchday catering!Let's get a group of fans together and sit down with someone at the club and discuss it.It doesn't have to cost anything!But I really believe that the club misses out on thousands of pounds revenue in this one area alone because in this one area alone we are simply not good enough?
totally agree spotty faced kids getting paid for crap service, messing about being unproductive.. I dont bother going down for a half time coffee etc as i hate q's and poor service. why not get vending machines down there for tea/coffee etc..
We don't need to queue at all, let's be probabably the first club in the country to introduce mobile vending!you can get coffee/soft drink vending backpacks, you can get the hotdog vending trays like in the u.s, why queue when the food can come to you!!

snake hips says...
8:59pm Fri 5 Mar 10

In Ed we trust wrote:
snake hips wrote:
In Ed we trust wrote: E.g the matchday catering!Let's get a group of fans together and sit down with someone at the club and discuss it.It doesn't have to cost anything!But I really believe that the club misses out on thousands of pounds revenue in this one area alone because in this one area alone we are simply not good enough?
totally agree spotty faced kids getting paid for crap service, messing about being unproductive.. I dont bother going down for a half time coffee etc as i hate q's and poor service. why not get vending machines down there for tea/coffee etc..
We don't need to queue at all, let's be probabably the first club in the country to introduce mobile vending!you can get coffee/soft drink vending backpacks, you can get the hotdog vending trays like in the u.s, why queue when the food can come to you!!
and sack those lazy little sh*ts who work down in the serving hatch.

Julian1966 says...
9:09pm Fri 5 Mar 10

Frank2010 wrote:
wickerman wrote:
julian 1966 you say you would re mortgage your house if you ran a club. i very much doubt this. would you really put your house up in the name of passion for your club.if you live in a decent size house why dont you re mortgage it and give money to the cherries as this is what you expect EM to do.
The most pathetic comment I have seen in ages.
Of course we expect EM to. He owns the club!!!!!!!!!!!!!
If Julian owned it he would.
Get a grip
I was going to say the same Frank,if you love a club and you have that passion so much for the club you support,you would want to do everything possible to sort things out and yes i would remortgage my house because the club would be important to me.

afcblee says...
9:17pm Fri 5 Mar 10

Do it then Julian!!!!!!

merrycherry says...
12:29am Sat 6 Mar 10

Well I`m still grateful to EM for having steered the club away from the abyss it was facing 12 months ago. Some people seem to have very short memories. If EM hadn`t stepped in we wouldn`t even have a club to support now. How the likes of Julian and Ken can call themselves supporters I do not know. Anyway, I will be at Dean Court tomorrow supporting the club the only way I know how....

Blue Rinse says...
12:38am Sat 6 Mar 10

Please could someone give me the name of the commercial manager at DC along with his e mail address.Rather than a lot of hot air on this site can't we really get our heads together and do something worth while.

Blue Rinse says...
12:47am Sat 6 Mar 10

All the fans should remember that having a football to support is a luxury,no one should expect any kind of return on their investment.Fans don't sponsor the club when they go to a match,it is just like going to the Winter Gardens to be entertained.
Only a fund raising operation can be considered as an investment,I just want to see my beloved Cherries survive and progress so I am prepared to join the ONE GRAND CHERRIES CLUB,the sooner the better.

northstandregular says...
7:26am Sat 6 Mar 10

Having digested the report I'm in two minds because there are still many more questions than answers, for example, it doesn't say what debts were cleared with the FL money, or indeed how much because there is no breakdown of regular income and outgoings and therefore the figures are pretty much meaningless. Also, EM, nor these 'accounts' say whether EM's 'investment' has gone is as hard cash or a loan. From what I can make out, 400K of the debt has been paid from next years season ticket income so basically we're racking up fresh debt in paying off the legacy debt with next years money. About as clear as mud I reckon. What I did notice is, if you add the advance season ticket money to the debt along with the money we won't have in the summer these figures end up in their proper perspective, which is not a lot different from when we started.

northstandregular says...
7:34am Sat 6 Mar 10

Nick68 wrote:
nsrowq wrote:
KENETHOMEROD wrote:
No moans no groans just a big laugh reading the statement lol. LAID BARE ? More like more dressing up . The figures on show just do not ADD up lol Replacing one debt with another is not progress , is it ? Any advance sales is a debt ? Question : Does the share acquisition of £185k by Mitchell mean that Murry has been paid off ? ( figures on club website ) Echo for some unknown reason will not put them on this site ? Savi certainly had a good time as warned by many on here . What happend to the open meeting with the Trust ? did Mitchell bottle it so that he could spin the echo ? Good luck tomorrow lads 3-0 stuffing .
if you buy an echo there is a list of who owes what to who in the article. may not make good reading it but it is much clearer than the article on the website
Do they sell the Echo in Middlesborough?
Have you ever considered making a meaningful contribution to this forum? As has been pointed out to you before, you keep accusing an anonymous stranger on an internet forum of being someone you have no way of ever finding out the identity of and it's bordering on stalking. He's told you he has no clue what you're talking about but you still continue with your boring, paranoid rants. As was said the other day, whether it's Ken Ormerod or Keith Agar makes little difference if the comments he makes are by and large factual and correct so give up because you'll never know who he is and if Hitler said it's wrong to kick dogs it doesn't make it any less true because it was Hitler saying it.

molbol says...
8:21am Sat 6 Mar 10

His name is Rob Mitchell (no relation before the moaners jump on it...) he is a really good guy and contrary to the slagging off his department gets he is very receptive to any initiatives.
Direct Telephone - 01202 726322
Mobile - 07766 141863
Fax - 01202 726373
email - rob.mitchell@afcb.co
.uk

Julian1966 says...
11:08am Sat 6 Mar 10

merrycherry wrote:
Well I`m still grateful to EM for having steered the club away from the abyss it was facing 12 months ago. Some people seem to have very short memories. If EM hadn`t stepped in we wouldn`t even have a club to support now. How the likes of Julian and Ken can call themselves supporters I do not know. Anyway, I will be at Dean Court tomorrow supporting the club the only way I know how....
I have supported Bournemouth since the day i was born and have never known this club to be in a shambles as it is.The guy should have been more open about the debts and not keep anything in the background.When he said that the HMRC payments have all been met,then next a winding up order is taking place,how do you expect me and Ken to feel with the rest of the supporters.If he really wants us on his side,then put things into action with the idea's supporters have been coming up with and stop the lies.If the debts get sorted out and things do improve i will start supporting him,but not until then.ITS NOT ALL ABOUT US HELPING TO BAIL THE CLUB OUT!!!

ferndownred says...
2:25pm Sat 6 Mar 10

northstandregular wrote:
Having digested the report I'm in two minds because there are still many more questions than answers, for example, it doesn't say what debts were cleared with the FL money, or indeed how much because there is no breakdown of regular income and outgoings and therefore the figures are pretty much meaningless. Also, EM, nor these 'accounts' say whether EM's 'investment' has gone is as hard cash or a loan. From what I can make out, 400K of the debt has been paid from next years season ticket income so basically we're racking up fresh debt in paying off the legacy debt with next years money. About as clear as mud I reckon. What I did notice is, if you add the advance season ticket money to the debt along with the money we won't have in the summer these figures end up in their proper perspective, which is not a lot different from when we started.
agreed julian. agree with last sentence northstandregular. worrying. i dont think the debt has been cleared- like has been said before we are just robbing peter to pay paul, unfortunately it now seems we are robbing our own season ticket money. the debt really hasnt been cleared at all. EM, you cannot expect the fans to pay this debt. minimum 14 quid to watch 4th division football is charity enough isn´t it? i would not pay any of this debt because of the lack of transparency and dishonesty from the current board. As said above, obviously there are all sorts of loop holes and fine print that has not been mentioned by EM. Murry/Mostyn, structadene, EM witheld the fact that current PAYE was not being paid whilst we paid off legacy debt from the previous crooks who were in charge. How can EM really expect us to believe that 800 000 has been taken off the debt if last year we appeared to rack up almost 2 million debt in less than a year. MORE LIES



the 1000 club idea is a good one but i dont think the fans would trust that much money with the club only for any agreements to be voided randomly or indeed next time new owners come in. vending machines is a great idea.


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